https://www.taxtmi.com/caselaws?id=176509 The Appellate Tribunal CESTAT Bangalore dismissed three appeals by the Revenue related to duty demand, interest, and penalty on imported goods. The Tribunal upheld the penalty reduction to 25% for the respondents, rejecting the Revenue's appeal for an enhanced penalty under Section 114A of the Customs Act 1962. The Tribunal clarified that the penalty under Section 114A should be specific to duty or interest, not a combined amount. Emphasizing the distinct liabilities for duty and interest, the Tribunal affirmed the Commissioner (Appeals) orders, highlighting the importance of the wording in Section 114A. en-us Tue, 13 Jan 2015 00:00:00 +0530 Fri, 12 Feb 2016 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176509 The Appellate Tribunal CESTAT Bangalore dismissed three appeals by the Revenue related to duty demand, interest, and penalty on imported goods. The Tribunal upheld the penalty reduction to 25% for the respondents, rejecting the Revenue's appeal for an enhanced penalty under Section 114A of the Customs Act 1962. The Tribunal clarified that the penalty under Section 114A should be specific to duty or interest, not a combined amount. Emphasizing the distinct liabilities for duty and interest, the Tribunal affirmed the Commissioner (Appeals) orders, highlighting the importance of the wording in Section 114A. Case-Laws Customs Tue, 13 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176509